Kalpataru IPO

Posted by thanushaa June 21, 2025

Kalpataru IPO is a bookbuilt issue of Rs 1590.00 crore. This issue is entirely a fresh issue of 3.84 crore shares with no offer for sale.

The IPO opens for subscription on June 24, 2025, and closes on June 26, 2025. The allotment is expected to be finalized on Friday, June 27, 2025. The price band for the IPO is set at ₹387 to ₹414 per share, and the minimum lot size for an application is 36 shares.

Company Summary

Kalpataru Limited, founded in 1988, is a real estate development company based in Mumbai, Maharashtra.

The company specialises in developing residential and commercial properties, retail spaces, and integrated townships across several Indian cities, including Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur.

Kalpataru Limited is part of the Kalpataru Group, which includes Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, and their respective subsidiaries, among others.

As of March 31, 2024, the company has 40 ongoing projects and has completed 70 projects.

Company Strengths

  • Due to its strong delivery capabilities and presence in urban regions with significant demand, it ranks fourth in Thane and fifth in MCGM (based on units supplied between 2019 and 2023).
  • Engages in smart and varied micro-market operations, allowing for resilience against regional market swings and geographic diversification.
  • Adheres to an integrated real estate development methodology that encompasses design, construction, marketing, sales, and site acquisition, giving it greater control over margins, quality, and schedules.
  • Strengthened trust, operational quality, and industry partnerships thanks to the experience and heritage of the Kalpataru Group, a reputable real estate brand.
  • With a senior management team with an average of more than 20 years of domain experience, the company is led by individuals who bring strategic vision, execution strength, and governance to the table.

Company Financials

Period Ended

31 Dec 2024

31 Mar 2024

31 Mar 2023

31 Mar 2022

Assets

15,562.35

13,879.43

12,540.77

13,410.57

Revenue

1699.49

2029.94

3716.61

1248.55

Profit After Tax

5.51

-116.51

-229.43

-125.36

EBITDA

101.67

-78.01

-49.67

-35.98

Net Worth

1,579.54

1028.23

1,221.89

1429.01

Reserves and Surplus

1,579.54

1,028.23

1,221.89

1,429.01

Total Borrowing

11,056.40

10,688.31

9,679.64

10,365.97

Amount in ₹ Crore

Objectives of IPO

  • Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company and Subsidiaries.
  • General corporate purposes.

IPO Details

IPO Date

June 24, 2025 to June 26, 2025

Listing Date

July 01, 2025

Face Value

₹10 per share

Price Band

₹387 to ₹414 per share

Lot size

36 shares

Total Issue size

3,84,05,797 shares (aggregating up to ₹1590.00 Cr)

Fresh issue

3,84,05,797 shares (aggregating up to ₹1590.00 Cr)

Issue type

Bookbuilding IPO

Listing at

NSE, BSE

Lot Allocation details

Application

Lots

Shares

Amount

Retail (Min)

1

36

₹14,904

Retail (Max)

13

468

₹1,93,752

S-HNI (Min)

14

504

₹2,08,656

S-HNI (Max)

67

2412

₹9,98,568

B-HNI (Min)

68

2448

₹10,13,472

Category Reservation Table

Application Category

Maximum Bidding Limits

Bidding at Cut-off Price Allowed

Only RII

Up to Rs 2 lakhs

Yes

Only sNII

Rs 2 lakhs to Rs 10 lakhs

No

Only bNII

Rs 10 lakhs to NII Reservation Portion

No

Only employee

Up to Rs 5 lakhs

Yes

Employee + RII/NII

l Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)

l If applying as RII: Upto Rs. 2 lakhs

l If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs

Yes for Employee and RII/NII

Allotment Schedule

Basis of Allotment

Fri, June 27, 2025

Initiation of Refunds

Mon, Jun 30, 2025

Credit of Shares to Demat

Mon, Jun 30, 2025

Tentative Listing Date

Tue, July 1, 2025

Cut-off time for UPI mandate confirmation

5 PM on June 26, 2025

IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not less than 75% of the Net Issue

Retail Shares Offered

Not more than 10% of the Net Issue

NII (HNI) Shares Offered

Not more than 15% of the Net Issue

To check allotment, click here

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